Veterinary Services (NAICS 54194) Industry Market Research Report

Veterinary Services - Market Size and Forecast

The Veterinary Services report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurementsincludes both public and private companies in the industry.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Veterinary Services Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Veterinary Services - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Veterinary Services companies in the United States.

Veterinary Services Revenue by State

US Market Size by State

Distribution by Company Size

Company Size All Industries Veterinary Services
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Veterinary Services - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry Average Percent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Veterinary Services - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Veterinary Services - Product Mix

Product Description Description Revenue
($ Millions)
Industry total


Veterinary services
Non-surgical treatment of animals
Routine veterinary examinations
Surgical treatment of animals
Veterinary laboratory services
Resale of merchandise
Resale of animal food, medication, & other merchandise
Pet care services
Veterinary inspection & disease investigation services

Veterinary Services - Compensation and Salary Surveys

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 1%


Chief Executives %
General and Operations Managers 1%
Healthcare Practitioners and Technical Occupations 43%
Health Diagnosing and Treating Practitioners 17%
Veterinarians 17%
Veterinarians 17%
Health Technologists and Technicians 26%
Health Practitioner Support Technologists and Technicians 26%
Veterinary Technologists and Technicians 26%
Healthcare Support Occupations 20%
Other Healthcare Support Occupations 20%
Miscellaneous Healthcare Support Occupations 20%
Veterinary Assistants and Laboratory Animal Caretakers 20%
Personal Care and Service Occupations 9%
Animal Care and Service Workers 9%
Nonfarm Animal Caretakers 9%
Nonfarm Animal Caretakers 9%
Office and Administrative Support Occupations 25%
Information and Record Clerks 16%
Receptionists and Information Clerks 14%
Receptionists and Information Clerks 14%

Government Contracts

In 2008, the federal government spent a total of $73,856,788 on the veterinary services industry. It has awarded 707 contracts to 170 companies, with an average value of $434,452 per company.

Veterinary Services and Adjacent Industries - Top Companies

Company Address Revenue
($ Millions)


Veterinary Services Industry Report
Geography United States  
Publication Date July 2020
Report Format PDF Download  
Price $499

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